LIC Mutual Fund, which clocks an SIP inflow of around Rs23 crore every month, expects the number to go up to Rs30 crore (30% growth) following the rise in daily inflow. Photo: Ramesh Pathania/MintMumbai: LIC Mutual Fund on Thursday said it has introduced a daily SIP scheme, a move which will help it achieve 30% growth in its SIP portfolio. These are LIC MF Equity Fund, LIC MF Growth Fund, LIC MF Midcap Fund, LIC MF Infrastructure Fund and LIC MF Index Fund. Investors can also put in daily SIPs in two hybrid schemes: LIC MF Balanced Fund and LIC MF Monthly Income Plan. LIC Mutual Fund’s chief marketing officer Rajesh Patwardhan noted that the current financial year has seen a surge of 56% in mutual funds through SIP investments.

Source: Mint January 25, 2018 14:37 UTC